1. Sports: Oct 2014
    1. 17th ASIAN games
    2. Olympic Gold Quest (OGQ)
    3. Hockey
    4. HERO Indian Super league Football
    5. World Kabaddi League (WKL)
    6. Tennis
    7. Misc.
    8. Sportsmen in controversy
    9. IPL match fixing probe
    10. Paes vs Patriotism
    11. Sarita Devi’s boxing medal
    12. Foreign players in controversy
  2. Business GK: October 2014
    1. Mobile, IT, E-commerce Related
    2. Railways
    3. Housing and misc.
    4. Black money names
    5. Automobile
    6. Pharmacy

Sports: Oct 2014

17th ASIAN games

Asian Games 2014 Mascots

Mascots of 2014 ASIAN games
Vichuon light
Barame Wind
Chumuro dance


More basics
Theme  “Diversity shines here”
  • Games at Incheon, S.Korea
  • Para Asian Games (for disabled) also held here.
2018  Games at Indonesia.
India’s flagbearer  Indian hockey team captain Sardar Singh.
India’s Chef-de-mission Adille J. Sumariwalla
  • Highest medal tally: China > S.Korea > Japan
  • India on 8th number. (in 2012, we were at 7th rank)
  • India won total 57 medals — 11 gold, 10 silver and 36 bronze.
  • Since it is humanly impossible to mugup 57’s list. I’m focusing only on the “high-profile” winners. You may get the full list on wikipedia: http://en.wikipedia.org/wiki/India_at_the_2014_Asian_Games#Medalists


Gold List not exhaustive, only high profile names
Wrestling 65 kg Yogeshwar Dutt
Mixed Tennis
  • Sania Mirza
  • Saketh Myneini
Women boxing 51 kg Mary Kom
Hockey Team India
Kabbadi- both men and women teams Team India


Silver: List not exhaustive
  • Women: Dipika Pallikal, Joshna Chinappa
  • Men: Saurav Ghosal
Discus Vikas Gowda


Bronze: List not exhaustive
10m Air-Rifles Abhinav Bindra.
Tennis Singles Yuki Bhambri
Women’s doubles
  • Sania Mirza
  • Prarthana Thombare
  • Sania Nehwal
  • PV Sindhu
  • Ashwini Ponnappa

Olympic Gold Quest (OGQ)

  • Not for profit company by noted Sportsmen such as Geeth Sethi, Prakasha Padukone, Leander Paes, V.Anand etc.
  • other than the President of India, only Olympic gold medallists have the power to raise the Indian national flag in a foreign land, accompanied by the national anthem.
  • OGC funding has helped Indian athletes win medals in Asian games. Next task: 8 gold medals in Rio Olympics in 2016.


  • Indian defeated Pakis in 17th ASIAN Games at Incheon, South Korea.
  • India had Won ASIAN games last time in 1998.
  • Now India got direct ticket to mains exam i.e. Rio Olympics 2016.
  • Pakis will have to write prelims i.e. qualifying match to get Rio ticket.
Terry Walsh Australian coach of India hockey team. He had resigned after ASIAN games but now took back his resignation.
Sultan of Johor Under-21 hockey title. India defeated Great Britain
MS Dhoni Bought Ranchi team of Hockey India league.

HERO Indian Super league Football

  • IMG and Reliance joint venture has launched this IPL type business model, for Football.
  • TV Partner: Star channel.
  • First season began in Kolkata from Oct 2014.
  • Final match yet to be played.
Peter Biaksangzuala During Indian Mizoram Premier League match, hem made a “Backflip” to celebrate his goal, injured his back and died.

World Kabaddi League (WKL)

  • Chairman: Punjab’s Dy.CM Sukhbir Singh Badal. TV partner: Sony.
  • First season in August 2014, will run upto December 2014! Total 94 matches in double round robin format.
  • Abhiskeh Bachchan bought Jaipur team.
  • Yoyo Honey Singh, Akshay Kumar, Sonaxi Sinha etc also own teams.
  • So far, 23 players caught for using steroids.


WTA Finals in Singapore
event Won lost
Singles Serena Williams (USA) Not important
  • Sania Mirza (India)
  • Cara Black (Zimbabwe)
  • Peng Shuai, China
  • Hsieh Su-wei, Taipei


China Open 2014
Category Won lost
women Maria Sharapova Petra Kvitova
men Novak Djokovic Tomas Berdych


Shanghai Open 2014
Category Won lost
Single man Federer (Swiz) Not important
Doubles men Bob and Mike Bryan (USA) Not important


Paris Open 2014
Category Won lost
Single man Djokovic (Sebia) Not important
Doubles men Bob and Mike Bryan (USA) Not important


Mary Kom Samsung Most valuable player (MVP)
Pankaj Advani
  • Defeated Singapore’s Peter Ghilchrist in world billards championship
  • Now he owns 3 titles: the IBSF World 6—Red Snooker, World Team Billiards and World Billiards Championship (point format)
Chess World chess championship (under-10) title, Nihal Sarin

Sportsmen in controversy

IPL match fixing probe

SC commission for IPL-6 Spot fixing

Chairman Retired justice Mukul Mudgal
  • Additional Solicitor General L. Nageswara Rao
  • Advocate Nilay Datta
  • Narcotics Dy.DG B.B. Mishra
  • Ex-cricketer Sourav Ganguly

They’ve submitted report. Next hearing on 10th Nov.

Main heros in match-fixing
Cricketers S.Sreesanth, Ajit Chandila and Ankeet Chavan
Son in law BCCI President N.Srinivasan’s Son in Law Gurunath Meiyappan
Bollywood Dara Singh’s son Vindoo Dara Singh.

Paes vs Patriotism

Sports-minister Leander Paes
  • Government won’t give financial aid to athletes who remain unavailable for national duty.
  • This remark indirectly made against Leander Paes because he did not attend ASIAN games, because he wanted to compete in ATP matches.
But I’ve not got any financial aid from Government since 2012.

Sarita Devi’s boxing medal

  • During ASIAN games 2014, Sarita Devi had dominated her 60kg semifinals against Korean boxer Ji-Na Park. Yet Sarita Devi declared loser and given bronze medal.
  • Later she refused to accept medal during ceremony.
  • But Olympic council of Asia gave her stern warning. So she apologized and took the medal.

New development:

  • International Boxing Association has suspended L. Sarita Devi, her coaches and Indian chef-de-mission Adille J. Sumariwalla from future boxing events for this ‘indiscipline’.

Foreign players in controversy

Michael Phelps
  • Olympic champion swimmer.
  • USA Swimming body suspended him for 6 months for drunk driving.
Oscar Pistorius
  • 2012: He was first double amputee to compete @Olympics and paralympics at London.
  • Got 5 years jail for shooting girlfriend in South Africa.

Business GK: October 2014

Relevance in exam? Mainly at one place: MBA interviews. After you give the sales pitch on “Why MBA?”, panel usually ask the bizGK questions to test your awareness.

IMF’s GDP forecast Oct-2014
Year India China
2014 5.6 7.4
2015 6.5 7.1


Oil and gold
  • $83 per barrel
  • Lowest in 4 years
  • Bureau of Indian Standards (BIS).
  • New facility: get your gold tested at local BIS office.
  • If quality less than A&H hallmark then A&H will have to pay fine to customer.
  • A&H: Assaying and Hallmarking (A&H) Centre.

Mobile, IT, E-commerce Related


  • CEO Larry Page
  • India born executive Sundar Pichai is now in-charge of googel’s internet products, search engine, google+, adwords.

Orkut is shut down.

  • 2004: Both Orkut and Facebook were started. Orkut was named after google employee Orkut Büyükkökten.
  • 2008: Orkut had 3 times more members than Facebook. 1.3 crore in India alone.


  • New email service “inbox”. But user can join only on “invitation”.
  • Google re-designed its search page to load faster on slow-internet mobile phones. On such phones, google will not display images and maps.
  • Google app using augmented reality technology
  • Point your smartphone at any object, and the app will launch an advertisement or discount offer related to it.
  • Google App to store medical records of the patient.
  • Designed by a Chennai group.
Apple and Facebook They’ll cover the costs of women employees who want to freeze their eggs to delay child-birth, to focus on their career.
  • founders Jan Koum and Brian Acton finally received Facebook shares worth $9 billion for selling their app.
  • Jan Koum will join as a board of director in Facebook.
  • >500 million whatsapp users in Brazil, India, Mexico and Russia.
  • Fiasco during “Big billion day” sales offer. Discounted products sold out too quickly.
  • Commerce minister said they’ll look at the issue, but now she says no inquiry against flipkart.
  • Mark Zuckerberg visits India, meets Modi, announces $1 million fund  to develp apps for farmers, migrants and women.
  • Facebook safety checkap. A tool that lets users notify friends and family that they are safe after natural disasters.
  • CEO Tim Cook revealed he is gay.
  • Apple pay: mobile payment system. You can flash iphone to pay for food, cloths and goods at certain retail stores.
Vodafone Won 1800 Mhz spectrum in Feb 2014 auction. But Government hasn’t given the ‘delivery’ yet.
  • Chief Lei Jun.
  • Not selling phones in USA yet, because worried that Apple will sue it for design patents.
  • Began shifting data from its Chiese servers after privacy concerns of foreign customers.
  • Indian Airforce has ordered its staff not to use Xiomi phones because of this chinese angle.
  • Chief: Yang Yuanquing
  • Completed the acquisition of Motorola from Google, worth ~3 billion USD.
  • Now, largest smart phone makers in India: Samgsung > Micromax > Lenovo.
Yahoo CEO Marissa Mayer will shut down India R&D centre to reduce costs
  • It’ll drop “Nokia” name from Lumia phones.
  • So, in future, they’ll be called “Microsoft Lumia”.
  • Nokia 130’: color screen, built-in music player with up to 46 hours continuous playback on a single charge, for Rs. 1,649 in India.
  • Ajey Mehta MD.
  • Will shut down Sriperumbudur SEZ-factory near Chennai from 1st November 2014.
  • Wants to Merge Reliance Jio Infocomm and its long distance services arm Infotel.
  • Isha Mukesh Ambani joined Reliance Jio’s Board
  • Akash Mukesh Ambani joined Reliance Retail ventures.
  • Got ~630 million$ funding Japan’s softbank
  • Ebay and Ratan Tata also own stakes in this company.
Infosys Founder N. R. Narayana Murthy will not continue as the Chairman Emeritus of Infosys.
  • Lowest profit in 3 years.
  • Galaxy sales down after arrival of Iphone 6.
Raymond Launched online shopping store “Raymondnext.com”
Cognizant Bought Cadient group for digital marketing in USA.
Amazon CEO Jeffery P. Bezos met Modi. Plans to invest $2 billion in India

Telecom subscriber base in India

  • Total ~95 crore.
  • Largest subscribers base: Idea
  • In 2014, Most new customers added to: Vodafone > Aircel > Idea.
  • BSNL: lost 50,000 customers.


India railways

  • Plans to privatize the ticket selling ops. Under this scheme, private player can open booth in railway station to sell tickets.
  • Premium Tatkal scheme launched in 80 trains. It’ll change tatkal ticket price dynamically as per demand rush.

Tokyo Bullet train

  • Completed 60 years on 1st October
  • Highest speed 300 but avg. speedwise Chinese trains faster.
  • Maglev technology: Magnetic levitation
    • China: >400 kmph
    • Japan trials: >500 kmph

Housing and misc.

Tata Launched site to purchase homes “online”. Tatavaluehomes.com
  • Its boss KP Singh had hidden info. regarding pending legal cases during 2007’s IPO.
  • SEBI has banned DLF from sharemarket and from upcoming REIT real estate investment trust funds.
BSE BSE and United Stock Exchange of India Ltd (USE) plan to merge their ops.
JP Morgan Chase User accounts hacked.

Black money names

Pankaj Lodhiya Gold trader from Rajkot, Gujarat
Pradip Dabar Belongs to Darab group family
Radha Timblo Miner and Hotelier from Goa.


CKD mode
  • Government has importsed 75% custom duty on Imported bikes above 800CC capacity.
  • So, foreign companies sending “Completely knocked down” (CKD) bike-kits.
  • They’re assembled at Indian facilities. Lower tax, cheaper MRP.
  • World’s Oldest scooter mfg. company from France.
  • Mahindra group wants to buy 51% in it.
Renault French automobile company. Wants to sell used cars in India.


  • New drug “Onbrez” for respiratory diseas.
  • It is low-cost generic version of Novarti’s Indacaterol.
  • Cipla will also setup a mfg. unit in Iran
Eli Lilly
  • Cycloserin drug for MDR-TB
  • gave license to India’s Shasun Chemicals.
Delamanid New MDR-TB. Just got clinical trial approval from WHO

For other parts visit Mrunal.org/PIN.